Status quo for Jetstar here despite major Qantas revamp

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

Qantas’ decision to separate its international and domestic operations won’t change local operations of its budget airline Jetstar in New Zealand.

David Hall remains Jetstar’s chief executive for Australia and New Zealand, while the major restructure affects the Qantas Group’s wider executive team.

One notable change is the departure of Jetstar boss Bruce Buchanan – who led its operations in this country until two years ago.

The Australian airline yesterday announced it is dividing its international and domestic operations.

Each business will have its own chief executive, and will report its financial results separately.

Qantas says the separation will help to focus efforts on the priority goal to turn around the loss-making international business.

While Qantas' domestic airline made an underlying net profit of $552 million in the 2010-11 financial year, the international business was $216m in the red.

Qantas’ no-frills subsidiary Jetstar replaced Qantas on New Zealand domestic routes in 2009.

Mr Buchanan will remain with Jetstar for the next six months to assist with the transition.

He will then provide consultancy services to the Qantas group for another 18 months.

This article is tagged with the following keywords. Find out more about MyNBR Tags

1 Comment & Question

Commenter icon key: Subscriber Verified

When is Jetstar going to offer frequent flier lounges. The ex Qantas louges are still available I believe and jetstar does operate them in Oz.

  • 0
  • 0

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot


Sym Price Change
USD 0.7469 -0.0025 -0.33%
AUD 0.9816 0.0026 0.27%
EUR 0.6954 0.0031 0.45%
GBP 0.5041 -0.0023 -0.45%
HKD 5.7907 -0.0206 -0.35%
JPY 89.6810 -0.2550 -0.28%


Commodity Price Change Time
Gold Index 1186.0 -12.550 2015-03-30T00:
Oil Brent 56.3 -0.830 2015-03-30T00:
Oil Nymex 48.7 -0.220 2015-03-30T00:
Silver Index 16.7 -0.395 2015-03-30T00:


Symbol Open High Last %
NZX 50 5821.3 5838.9 5821.3 0.22%
NASDAQ 4925.9 4940.9 4947.4 -0.94%
DAX 12054.2 12119.7 12086.0 -0.99%
DJI 17965.4 17965.4 17976.3 -1.11%
FTSE 6891.4 6910.1 6891.4 -1.72%
HKSE 25113.2 25113.2 24855.1 0.18%
NI225 19592.4 19607.2 19411.4 -1.05%